Pennon Group (OTCMKTS:PEGRY) Shares Gap Down – What’s Next?

Pennon Group Plc (OTCMKTS:PEGRY) gapped down before the market opened on Friday. The stock had previously closed at $9.20, but opened at $8.67. Pennon Group shares last traded at $8.67, with a volume of 588 shares trading hands.

Pennon Group Stock Up 1.7%

The stock has a 50 day simple moving average of $10.63 and a 200-day simple moving average of $13.02.

Pennon Group Company Profile

Pennon Group is a UK-based water and wastewater utility holding company. Through its regulated businesses, it provides drinking water and wastewater collection and treatment services to residential and business customers. Its principal water businesses include South West Water, Bristol Water and SES Water. Together, they serve communities in southwest England, the Bristol area and parts of southeast England. Pennon was formed following the privatisation of the water industry in England and Wales.